Brokerages Set WalkMe Ltd. (NASDAQ:WKME) Price Target at $14.00

Shares of WalkMe Ltd. (NASDAQ:WKME) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $13.36.

WKME has been the subject of several recent research reports. Wells Fargo & Company raised their price objective on shares of WalkMe from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. KeyCorp assumed coverage on shares of WalkMe in a research report on Thursday, March 21st. They issued a “sector weight” rating for the company. Barclays cut their price objective on WalkMe from $10.00 to $8.50 and set an “underweight” rating on the stock in a research report on Monday. TheStreet raised WalkMe from a “d” rating to a “c-” rating in a research note on Wednesday, February 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of WalkMe in a report on Thursday, February 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WKME. HighTower Advisors LLC acquired a new position in WalkMe in the first quarter valued at approximately $170,000. Clearbridge Investments LLC lifted its position in shares of WalkMe by 46.9% during the 1st quarter. Clearbridge Investments LLC now owns 854,884 shares of the company’s stock worth $12,900,000 after buying an additional 272,756 shares during the last quarter. EVR Research LP acquired a new position in shares of WalkMe in the 1st quarter valued at $11,368,000. Royal Bank of Canada grew its position in shares of WalkMe by 29.5% in the 1st quarter. Royal Bank of Canada now owns 69,624 shares of the company’s stock valued at $1,051,000 after buying an additional 15,877 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in WalkMe during the 1st quarter worth $25,000. Hedge funds and other institutional investors own 70.91% of the company’s stock.

WalkMe Stock Up 2.2 %

NASDAQ:WKME opened at $7.99 on Friday. WalkMe has a fifty-two week low of $7.60 and a fifty-two week high of $11.19. The company has a 50 day moving average price of $8.88 and a 200 day moving average price of $9.44.

WalkMe (NASDAQ:WKME) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. WalkMe had a negative return on equity of 71.73% and a negative net margin of 22.15%. The business had revenue of $67.89 million during the quarter, compared to analysts’ expectations of $67.23 million. On average, sell-side analysts anticipate that WalkMe will post -0.43 earnings per share for the current year.

WalkMe Company Profile

WalkMe Ltd. provides cloud-based digital adaption platform and associated professional services in the United States and internationally. The company's AI-driven digital adoption platform helps companies to effectively navigate change brought by technology, which stack, identifies, and delivers the personalized guidance and automation.